If a coin isn't up 100% in one day reactive traders will sell because thats how their brains work.
They aren't patient enough, so they will never make any real money
They just don't get it
Coins that move 100% in a day, build so much resistance that there has to be some serious demand to push it further.
Without that demand that 100% rise is all your getting
But there are those glorious coins out there that will only move 20% in a day, another 30% the next day and remain under the radar
This will happen for many weeks in a row, untill you end up with a +4000% profit like with VTC
Ryan said it best himself
+1 and VTC = CASH COW OF THE YEAR!!!
They aren't patient enough, so they will never make any real money
They just don't get it
Coins that move 100% in a day, build so much resistance that there has to be some serious demand to push it further.
Without that demand that 100% rise is all your getting
But there are those glorious coins out there that will only move 20% in a day, another 30% the next day and remain under the radar
This will happen for many weeks in a row, untill you end up with a +4000% profit like with VTC
Ryan said it best himself
clearly buying with the pack is an option that can immediately be thrown out the window because, if everyone is thinking the same thing, then someone ISNT thinking. ... Or perhaps, someone else is doing the thinking for them?
Trading is a battle of the wits, and there is a lot to be said about a person who is buying today what another person bought cheaply several weeks ago.
Trading is a battle of the wits, and there is a lot to be said about a person who is buying today what another person bought cheaply several weeks ago.
+1 and VTC = CASH COW OF THE YEAR!!!
I think everyone who isn't from an investment background starts off like this even some that are.
It's like with anything else, first you will be bad then good then great then legendary. This is how you learn anything in life
but with alts people go from bad to worse because they can't grow since their whole approach is what is making them lose, not the market itself and they fail to pick up on that. Then they get one win and fall into the trap of trying to recreate that one win and their whole performance goes even further down hill
it's all in the approach, that's what helped me anyway so just my 2 cents